RailYatri Raises Funding from Infosys Cofounder and Former UIDAI Chairman Nandan Nilekani
Noida-based Stelling Technologies Pvt Ltd. which operates train travel app RailYatri, has raised an undisclosed amount in a Series A round of funding from Infosys co-founder and former UIDAI chairman Nandan Nilekani. The round also saw participation of existing investors Helion Ventures, Omidyar Networks and Blume Ventures. The firm will use the funding for marketing and enhancing technology.
Founded in 2011 by Manish Rathi, Kapil Raizada and Sachin Saxena, RailYatri uses deep-analytics technology to make intelligent predictions that help travellers make decisions for their upcoming travel. The app uses a traveller’s mobile GPS to predict a train’s delay, in addition to platform number and coach position and predicts if a ticket in the waiting list will be confirmed.
The app currently serves nearly two million users per month. The feature covers about 4,000 stations and is set to be expanded to 6,000 soon.
Nilekani has previously invested in companies like online buying hub for SMEs Power2SME, mobile startup Mubble, industrial robots maker Systemantics India, aviation tech startup Team Indus, online deal-making platform LetsVenture, logistics firm Fortigo and book publisher Juggernaut.
